Property Overview
This home at 304 Melrose Avenue W presents a distinct profile defined by its contrasts. Built in 1912, it is a mature property in a neighborhood of similarly aged homes. Its primary appeal lies in its above-average living space of 1,364 sq ft, which is notably larger than most direct comparables on its street and in the broader Melrose area. This suggests a home that may offer more interior room than the typical house in its immediate locale. However, this comes with a smaller-than-average lot size and an assessed value that sits well below the Winnipeg city average.
It would suit a practical buyer who prioritizes interior space over land size and is comfortable with the character and potential maintenance considerations of a century-old home. It may also appeal to those looking for value within a specific community, as the home's assessed value is consistent with its local area, offering a more affordable entry point compared to the city-wide market.
Frequently Asked Questions
1. How does the home's size compare to others nearby?
The living area is a key feature. At 1,364 sq ft, it is significantly larger than the average for similar homes on Melrose Avenue (about 980 sq ft) and in the Melrose area (about 973 sq ft).
2. Why is the assessed value so much lower than the city average?
The assessed value of $25,400 is in line with the local area average but falls below the Winnipeg city average. This typically reflects a combination of the home's age, lot size, and the prevailing property values in its specific neighborhood compared to newer or different areas of the city.
3. What should I consider with a home built in 1912?
A home of this age offers classic character but warrants a thorough inspection. Key considerations include the condition of major systems like wiring, plumbing, and the foundation, as well as the history of updates to windows, insulation, and the roof.
4. Is the lot size a limitation?
At 2,970 sq ft, the land area is below the average for the street, area, and city. This means smaller outdoor spaces for gardening or recreation, but it can also translate to less yard maintenance.
5. How can I find out what it last sold for?
The sold price history shows a range (e.g., CA$200k–250k in 2018). To obtain the exact historical sale price, you can request it via email from the listing service, as this detail is not publicly displayed.